Industry
Game Theory Explains How Algorithms Can Drive Up Prices
Recent findings reveal that even simple pricing algorithms can make things more expensive. Imagine a town with two widget merchants. Customers prefer cheaper widgets, so the merchants must compete to set the lowest price. Unhappy with their meager profits, they meet one night in a smoke-filled tavern to discuss a secret plan: If they raise prices together instead of competing, they can both make more money. But that kind of intentional price-fixing, called collusion, has long been illegal.
General Catalyst CEO Hemant Taneja on Aligning Profit With Purpose
Booth is a reporter at TIME. Hemant Taneja, CEO, General Catalyst speaks on stage during The Summit on U.S. Resilience hosted by General Catalyst Institute at The Salamander on Nov. 17, 2025 in Washington, DC. Hemant Taneja, CEO, General Catalyst speaks on stage during The Summit on U.S. Resilience hosted by General Catalyst Institute at The Salamander on Nov. 17, 2025 in Washington, DC. Booth is a reporter at TIME. Hemant Taneja, who leads one of the world's largest venture firms, believes doing good isn't just the right thing to do.
In Ukraine's 'kill-zone', robots are a lifeline to troops trapped on perilous eastern front
In Ukraine's'kill-zone', robots are a lifeline to troops trapped on perilous eastern front The toy is delivered, a Ukrainian soldier whispers into the radio. In the dead of night, he and his partner move quickly to roll out their cargo from a van. Speed is crucial as they are within the range of deadly Russian drones. The fifth brigade's new toy is an unmanned ground vehicle (UGV), a robot that provides a lifeline for Ukrainian troops at the front in Pokrovsk and Myrnograd, a strategic hub in eastern Ukraine. Russian forces are relentlessly trying to cut off Ukraine's supply routes in the area.
Mum of two left penniless by Tinder scammer
A mother of two says she was left penniless after giving her savings to Tinder predator Christopher Harkins in a fake investment scam. The pair matched on the dating app in London in 2020. Caitlyn - not her real name - told how the fraudster and rapist initially tried to talk her into going on holiday with him - a regular ruse of Harkins, now 38. When she said she couldn't afford a holiday, he offered to help by doubling what money she had via his foreign currency exchange business. She's one of four women the BBC is aware of who were targeted by Harkins in the capital - where he fled to after his crimes were exposed in Scotland.
New wearable device lets you touch fabric online, read braille, and more
VoxeLite can help you literally feel websites. VoxLite adds physical sensations of touch and feel to digital experiences like scrolling a smartphone. Breakthroughs, discoveries, and DIY tips sent every weekday. A time traveler visiting from an earlier era might reasonably conclude that humanity has entered the age of cyborgs and cybernetics. Pedestrians regularly walk down city streets with tiny computers in their hands and even smaller digital devices shoved in their ear canals.